Budgeting & Costing- Senior Manager

Shapoorji Pallonji Group; Mumbai; On-site; INR 1,200,000 - 2,500,000; Full time

Job summary

Shapoorji Pallonji Group is seeking a cost control professional to manage budgeting, cost monitoring, and value engineering for construction projects in Mumbai. The role involves updating budgets, preparing cost-to-complete reports, tendering, and ensuring accurate recording of all project costs through each lifecycle stage.

The ideal candidate will oversee a QS team, develop BOQs, and coordinate with design, construction management, and procurement to drive cost efficiency and timely project

Responsibilities

• Prepare project budgets with a systematic approach to enable management decisions on commercial viability.
• Updating concept budget as per design development level details.
• Correct and update cost plans with variance analysis for escalations, delays, or schedule changes.
• Control project expenses; ensure only approved costs are incurred and tracked through all project phases.
• Preparing cost to complete reports.
• Control project expenses; ensure only approved costs are incurred and tracked through all project phases.
• Identify value engineering options with design, construction, and procurement to reduce costs without over-engineering.
• Use latest civil-engineering tech; initiate improvements to reduce costs and boost productivity.
• Provide design team input from lessons learned to help policy formulation.
• Prepare tender documents, perform rate analysis, compare, negotiate, and finalize contracts.
• Manage and develop QS team for take-off and BOQ preparation.
• Provide cost-related data to enable construction teams to deliver cost-efficient projects.
• Recommend procurement strategy.
• Prepare and verify commercial terms for insurance, bank guarantees, and statutory permissions.
• Document material inventory and reconcile statements.
• Establish cash flow with construction execution.
• Correspondence on contract conditions during execution.
• Handle disputes arising during and after contracts.

Job description

Operations:

• Prepare the Budget for a Project before the start with a systematic and structured approach to enable Management to take decisions on the commercial viability of the Project.
• Updating concept budget as per design development level details
• Corrections and updates in the original cost plans with variance analysis towards market escalations, project delays or changes in project execution schedule.
• Cost Monitoring and controlling with systematic periodic reviews during the entire tenure of the project
• Preparing Cost to complete reports.
• Control Project expenses by ensuring that, only approved expenses take place and ensure that all of the costs within the projects are accurately recorded and tracked at each phase of the projects lifecycle
• Working out value engineering options with design team, construction management & procurement for reducing out turn cost on projects, looking at the entire project and all of its components with practical application not to over engineer" that drives up the construction costs.
• Focusing on use of latest civil engineering technologies, initiating process improvements for achieving bottom line cost reduction objectives and productivity targets
• Providing input to design team based on the learning's from other project for formulation of policies, which has acted as backbone to the organization.
• Prepare and float tender documents, Prepare item wise rate analysis, Comparison, Negotiation and Finalization of Contracts.
• Managing & developing the team of quantity surveyors /cost engineers & cost managers) for quantity take off & preparing BOQ's.
• Provide relevant information related to consumption and expenses linked with construction to enable the Construction Management teams to deliver projects in a cost-efficient manner.
• Recommending the necessary procurement strategy
• Preparation and verification of commercial terms related to Project Insurance, Bank Guarantees, Statutory permissions related to contract.
• Documentation for Material Inventory, Verification of Reconciliation statements etc
• Establish cash flow in conjunction with construction execution.
• Correspondence with respect to Contract conditions during the execution of Works.
• Settlement of Disputes arising during the currency of contract and post contract termination or completion